Short Interest in iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) Rises By 135.8%

iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 1,435,422 shares, an increase of 135.8% from the February 26th total of 608,647 shares. Based on an average daily volume of 2,979,463 shares, the short-interest ratio is currently 0.5 days. Approximately 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares 3-7 Year Treasury Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in iShares 3-7 Year Treasury Bond ETF by 7.2% in the fourth quarter. JPMorgan Chase & Co. now owns 17,694,417 shares of the company’s stock worth $2,111,829,000 after purchasing an additional 1,180,896 shares in the last quarter. Captrust Financial Advisors raised its stake in iShares 3-7 Year Treasury Bond ETF by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 5,924,603 shares of the company’s stock valued at $707,101,000 after buying an additional 281,282 shares in the last quarter. Financial Engines Advisors L.L.C. raised its stake in iShares 3-7 Year Treasury Bond ETF by 0.8% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 4,287,913 shares of the company’s stock valued at $511,762,000 after buying an additional 33,946 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 9.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,676,586 shares of the company’s stock worth $439,389,000 after buying an additional 311,613 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in iShares 3-7 Year Treasury Bond ETF by 6.6% during the 4th quarter. Assetmark Inc. now owns 3,052,028 shares of the company’s stock worth $364,260,000 after buying an additional 190,019 shares during the last quarter.

iShares 3-7 Year Treasury Bond ETF Price Performance

IEI stock opened at $117.96 on Friday. The firm has a 50 day simple moving average of $119.30 and a 200-day simple moving average of $119.53. iShares 3-7 Year Treasury Bond ETF has a twelve month low of $116.62 and a twelve month high of $120.78.

iShares 3-7 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3312 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, March 2nd.

About iShares 3-7 Year Treasury Bond ETF

iShares 3-7 Year Treasury Bond ETF (the Fund), formerly iShares Barclays 3-7 Year Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to three years and less than seven years. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.